ISLAMABAD: GE Power hosted the Pakistan 9HA Tech Conference in Islamabad,welcoming government officials, industry experts, power plant owners and operators, consultants, and others. The event highlighted the contributions of GE’s 9HA gas turbine technology and teams in meeting Pakistan’s energy needs and strengthening community infrastructure. Access to affordable, reliable, flexible and sustainable electricity is critical…
Norwegian Property to acquire Lille Grensen 7
OSLO, NORWAY: Norwegian Property ASA has entered into an agreement to purchase the property Lille Grensen 7. Norwegian Property will purchase all shares in Grensen Investment AS, which is the owner of 100% of the shares in Lille Grensen 7. The agreed gross value for the property is MNOK 710. Takeover is estimated to take…
Lithium Australia partners DLG to enter energy storage market
PERTH, AUSTRALIA: Lithium Australia NL has completed the formalities for joint battery marketing operations with the DLG Group, China-based battery and energy storage specialists. The new enterprise –an incorporated joint venture (Lithium Australia 50% and DLG 50%) trading as Soluna Australia Pty Ltd has been established to sell lithium-ion batteries (LIBs) and Soluna energy storage…
Vection Technologies announces significant acceleration of operational & technological partnership performance
SYDNEY, AUSTRALIA: Following the official European launch of its proprietary VR platform, FrameS, Vection Technologies has seen a significant acceleration of inbound enquiries for its suite of 3D, VR & AR technology applications and platforms. Vection Technologies, a multinational software company that creates 3D, Virtual Reality (VR) and Augmented Reality (AR) solutions, announced a significant…
Ioneer signs LoI to buy sulphur from Shell Canada
SYDNEY, AUSTRALIA: Emerging lithium-boron supplier, ioneer Ltd signed a non-binding Letter of Intent (LOI) with Shell Canada Energy for the sale of sulphur to ioneer. Under the LOI ioneer will purchase up to 250,000 tonnes of high-quality sulphur annually from Shell, representing approximately 60% of the estimated annual sulphur requirement for the Rhyolite Ridge Lithium-Boron…
Primewest sells Chambers and The Tower for $47.4 million
BRISBANE: A fund managed by national property fund manager Primewest has sold the iconic Chambers building and an adjoining eight storey office building The Tower in Brisbane’s CBD for $47.4 million. The purchaser –the University of Queensland –plans to occupy the buildings as part of its CBD campus. The 130 year old Chambers building is…
Zenith shelves plans to acquire Norwegian oil & gas company Nordic Petroleum
LONDON: Zenith Energy Ltd has decided to discontinue its plans to acquire a Norwegian oil & gas company, Nordic Petroleum AS, by way of an exchange of equity as announced on November 4, 2019. Due to unexpected complications and potentially high costs to complete the Proposed Acquisition, the Board has decided not to proceed with…
DeepMatter collaborates with AstraZeneca to improve productivity of compound synthesis
LONDON: DeepMatter Group has collaborated with AstraZeneca to use innovative digital technologies with the aim of improving the productivity and reproducibility of compound synthesis. DeepMatter’s long term strategy is to integrate chemistry with technology, thereby enabling a greater use of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through robotics Scientists…
Cyber warfare termed greater threat than ever in 2020
LONDON, UK: Specialist global risk consultancy, Control Risks, forecasts that the proliferation of a wide variety of Cyber threats will make a high impact, cyber-enabled assault on critical infrastructure almost certain in 2020. This is one of the key forecasts in RiskMap 2020 – the global outlook for political and security risks in the year…
Emirates NBD rings DFM’s bell to celebrate new listings
DUBAI, UAE: Dubai Financial Market (DFM) hosted a bell ringing ceremony to celebrate the successful issuance and listing of the new shares issued by Emirates NBD, through the Rights Issue. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of the Bank rang the market opening bell in the presence of His Excellency Essa Kazim,…
Pakistan Property Show concludes at Dubai World Trade Centre
DUBAI: Pakistan Property Show (PPS) 2019 successfully concluded at the Dubai World Trade Centre in Dubai on Friday. It was organised by Pakistan’s largest property portal Zameen.com. Amjad Ahmad Ali, Consul General of Pakistan in UAE, graced the occasion as special guest on its second and last day.A total of 64 exhibitors offered property options…
Grainger to acquire PRS scheme at Capital Quarter, Cardiff for £57mn
NEW CASTLE: Grainger plc, the UK’s largest listed provider of private rental homes, has agreed to forward fund and acquire a 307 home, PRS development at Capital Quarter in Cardiff for c.£57 million. IM Properties, one of the UK’s largest privately-owned property companies, is the developer of the scheme and Winvic Construction Ltd is the…